China aims for economy worth US$24 trillion by 2030 | East Asia Tonight (Nov 5)
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China aims for economy worth US$24 trillion by 2030 | East Asia Tonight (Nov 5)
The Chinese economy is on track to grow up to US$24 trillion by 2030; Also on East Asia Tonight: Shein under fire in France after selling childlike sex dolls online; while Taiwan launches a sweeping crackdown on transnational scams. 00:00 Headlines 01:52 Premier Li Qiang speaks at China International Import Expo 06:58 E-commerce giant Shein is ...
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China’s generous local subsidies have helped it dominate high-tech industries such as electric vehicles and solar panels. But they’ve also helped fuel an oversupply of the same goods and a vicious price war. This new phenomenon of “involution” is damaging the country’s economy, as The Economist’s China economics editor, Simon Cox, explains. Find out what China’s government could do to turn things around: https://econ.st/4hJYNtg | The Economist
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